highlights • Totalinventorydeclined forthefirsttim ein 6 m onths,to15,975 listingswhich was1.8% lower than June.Inventorycontinuesto rem ain constrained asitlies17% below theJulypast decade-averagelistingscount. • O n am onth-to-m onth basis,listingsfel acros al hom etypes.D etached hom elistingsdeclined by 3% (to7,418),condolistingsfelby1.5% (to5,591),and townhom elistingsweredown by0.5% (to 2,499).Com pared toJuly2021,detached hom eand townhom elistingswereup by18% and 43% respectively;whereascondo listingsweredown 0.8% . • July’stotalsales-to-listingsratio declined betw een Juneand July to 17% ,creating balanced m arket conditionsforthefirsttim esinceM ay2020.Sales-to-listingsratiosfel to12%,19%,and 25% for detached hom es,townhom esand condos,respectively.Thism adethedetached hom em arketa buyer’sm arketin July,conditionslastexperienced in April2020.
THERENNIEADVANCE total listings
JULY 202
14,000
+ 18% vsJul2021
12,000
10,000
8,000
9,389 10 yr JulAvg
7,418
6,000
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 21% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 43% vsJul2021
2,499
2,780 10 yr JulAvg
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 10% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
12,000
-1% vsJul2021
10,000
8,000
6,000
6,705 10 yr JulAvg
5,591
4,000
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 17% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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